Two wobbly titans
Article Abstract:
The two biggest telecommunications companies each had problems in mid-July 1997. BT's planned merger of American long-distance company MCI was derailed when MCI estimated its 1997 losses at $400 million. Much of MCI's difficulty lies in its relations with regional telecommunications firms, the 'Baby Bells,' which have been protective of their market share. MCI invested an estimated $2 bil in building its networks in 23 cities. AT&T announced its leader of 36 weeks, John Walter, would leave the company, taking a $32 million severance package. AT&T will search for a new leader, preferably one with telecom experience.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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The gate to the home: even Internet surfers have to loop the local loop
Article Abstract:
Most Internet connections travel over telephone lines, and this has widespread ramifications for telephone companies and consumers. Some countries allow unlimited traffic for one price, while others charge per minute. Telephone companies are generally profiting from the new business.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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Down with distance
Article Abstract:
The number of telephone companies offering international long-distance service has increased from around 190 to around 5,000. This increased competition along with technology improvements should lower rates. Details about the rapid changes in this market are examined.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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